Kenya: Checker Raises Sh1.04bn to Scale Stablecoin Network in African Markets
The startup said the funding will expand its single API for stablecoin liquidity, payments and credit as processing volume reached $3 billion.
- Checker, a global network enabling financial institutions to access digital asset liquidity via a single API, announced yesterday it raised $8M from Galaxy Ventures, Mada Ventures, and Framework Ventures.
- Financial institutions integrating stablecoins face fragmented markets requiring multiple provider integrations to manage liquidity, compliance, and treasury operations—a complex, difficult-to-scale system.
- Over the past year, Checker scaled to $3B in total processing volume across 75 global currencies, serving more than 30 institutional clients including Rail and Braza Bank.
- The firm plans to build embedded borrowing and lending capabilities and launch AI-powered agents for treasury management, aiming to replace traditional correspondent banking dependencies.
- Cofounder Jack Chong said the funding "accelerates our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built.
13 Articles
13 Articles
Kenya: Checker Raises Sh1.04bn to Scale Stablecoin Network in African Markets
NAIROBI -- Global digital asset infrastructure network Checker has raised $8 million (Sh1.04 billion) in fresh funding as it seeks to simplify how financial institutions in emerging markets access stablecoin liquidity and manage cross-border payments.
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
/PRNewswire/ -- Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments,...
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions - BlockTelegraph
Over the last 12 months, the platform’s initial product enabling global stablecoin liquidity has scaled from $0 to $3B in total processing volume (TPV) with institutional clients including Rail, Braza Bank, and more NEW YORK, May 20, 2026 /PRNewswire/ — Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today t…
Checker raises USD 8 million to expand stablecoin and digital asset network
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API (Application Programming Interface), announced about raising USD 8 million in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Afr…
Checker Raises $8M to Build Stablecoin Liquidity Infrastructure for African Banks and Neobanks
Checker, a global infrastructure network for digital asset markets, has closed an $8 million funding round to accelerate stablecoin-powered financial services across Africa and other emerging markets. The round was led by Al Mada Ventures, the investment arm of Morocco’s sovereign wealth fund and parent of Attijariwafa Bank, one of Africa’s largest banking groups. Galaxy … The post Checker Raises $8M to Build Stablecoin Liquidity Infrastructure …
Checker Raises USD 8 M To Build Stablecoin Liquidity Infrastructure For African Banks
Checker, a global infrastructure network unifying digital asset markets, has raised USD 8 M in funding to expand stablecoin-powered financial services for banks and neobanks across Africa and other emerging markets. The round was led by Al Mada Ventures alongside Galaxy Ventures and Framework Ventures, with backing from investors including DFS Lab and angel investors such as Iyin Aboyeji and Gwera Kiwana. Founded by Jack Chong and Justin McMahan…
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